Non-profit negotiates to accommodate rapid growth

Client Objectives

Struggled to accommodate rapid growth in a constrained space with no additional availability and three years remaining on its current lease obligation at the Fenway

Sought to improve operational efficiency and upgrade the organization’s image

Process and Results

Negotiated a tenant-favorable buyout of the lease by securing a long-term tenant

Leveraged the market and secured a new below-market lease at the Prudential Tower with Boston Properties

Secured a buyout allowance in excess of $1 million that Partners in Health used to offset its remaining obligation in the Fenway

We were super impressed with Cresa's PM team and their ability to stick to a budget, hold contractors accountable, and keep us on task. It was a very complicated project and I really felt like they held our hand through the whole process.